Thursday, May 26, 2016

L&T India Prudence Growth is an open ended
scheme launched in January 2011. This belongs to a Balanced category as
the fund has exposure of 66% to Equity and remaining in debt and Cash /
Call instruments. The fund is ranked 1 in large cap category by Crisil. L&T
Mutual Fund is one of the fund houses that are accepting investments
for US / Canada based NRI. You can get detailed research on the below
mentioned funds by writing to us at helpdesk@wavesmf.com or fill the form at Contact US.

L&T India Prudence Growth Fund – daily chart

Portfolio Analysis: As per the sectoral holdings Banking/Finance have been most favored sector for this fund as it is contributing nearly 14.31% to the entire portfolio followed by Technology and Pharma Sector.Top Holdings and Sector Allocation for this fund are shown below:

Risk Profile: This fund has around 65% exposure to
Equity and rest to debt. So this is a well placed fund who wants to take
medium risk and given the current market condition it is very well
positioned by diversifying risk into Equity & Debt.

Investment Perspective: Corrections will offer good
opportunity to ride the next strong uptrend post its completion. It is
prudent to invest in this fund in form of SIP to capitalize on the down
move as and when it happens. Impulsive move on upside clearly suggests
that the long term trend is positive and over short term the correction
is probably complete around 17.5 levels. However for lump sum
investments we need to wait for the price confirmation which we will get
on move above 20.5 levels. Until then it is best to invest in form of
SIP and we will highlight it here as soon as strong upside reversal is
in near vicinity!

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Reports, Monthly Account Statements, Online Portfolio Management and
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Monday, May 23, 2016

Below article shows how Mutual Fund investments can help you take advantage of Power of Compounding to become Crorepati!Suppose person A and B both invest Rs 5,000 per month through Systematic Investment Plan (SIP) in a diversified equity fund till they are 50 years of age. However A starts at the age of 25 years and B starts at the age of 30 years, investing a total of Rs 15 lakhs and 12 lakhs respectively during the tenure. Mr. A ended up investing more Rs 3 lakhs as he started earlier. Assuming the rate of return (CAGR) at 14.45 % which is close to the average return by Sensex during the period of 1988 to 2013.
At the age of 50 years following is the return earned by them:Mr. A will get a return of Rs. 1,26,26,243 (more than a crore) against the total investment of Rs. 15 lacMr. B will get a return of Rs. 62,10,038 against the total investment of Rs. 12 lac
Because of the power of compounding, A is able to earn Rs. 64,16,205 more than B! Moral of the story is compounding works wonders if you start early!
Start a SIP early. Invest online in Mutual Funds hand-picked using Elliott wave and Time cycles by us.

Contact USand we will assist you right from Investments to expert advice, weekly reports, online portfolio access and monthly account statements.

Image reference: Kotak MF

Please note the returns are not guaranteed but might vary depending on market conditions. The below is an example to highlight the power of compounding which is mind boggling.
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Contact: +91 9920922639 / 022 28834540
Email: helpdesk@wavesmf.com

Axis
Long Term Equity Fund –Growth is an open ended Equity Linked Saving
Scheme [ELSS] which has a lock in period for 3 years.

Taxation: This fund aims for “SHARE LESS SAVE MORE”. This fund helps the
investors to get tax rebates under section 80 C of Income Tax Act.

Portfolio
Analysis: The
major holdings of this fund are into Banking and Automotive sectors. Below is
the table shown of Sectorial allocation of this fund.

Sector

%

Banking/Finance

29.66

Automotive

13.23

Pharmaceuticals

10.65

Technology

8.90

Chemicals

7.00

Engineering

6.66

Returns:
In
past the fund has provided with following returns.

Returns
as on 10th May, 2016

Period

Returns (%)

1 year

0.55

3 year

25.21

5 year

19.71

Risk:
This
fund has concentrated exposure to sectors and so the risk is high. Also we are
seeing loss of momentum on upside which is a caution sign. Fresh investments
should be done in form of SIP only with time horizon of three years or more.

Technical
Perspective: As
shown in daily chart for this fund NAV gave triangle breakout in 2014 thereby
completing intermediate wave [IV] near 13.97 levels and post that we can
witness next wave on upside in the form of intermediate wave [V]. The first leg
of this wave [V] is complete and we can now expect sideways to negative
movement for few months before the next leg resumes on upside.

Investment
rationale: Axis
Long Term Equity ELSS scheme can move in sideways to negative action over near
term. Faster move above 32.50 will indicate that next bull trend in this fund
has started which will create wealth for investors. On downside 25-26 will
continue to act as important zone.

Waves MF Advisors provide unbiased select basket of Mutual Funds that have potential to outperform within the given risk parameter. For investments into Mutual Funds with online portfolio and research contact us at helpdesk@wavesmf.com or call us on +91 22 28834540 / +9920922639 or visit www.wavesmf.com

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About Me

I am the founder of Waves Strategy Advisors (www.wavesstrategy.com) an independent research company.
I am passionate about Elliott wave and practicing it for many years. I use Advanced concepts of Technical analysis, Elliott wave and Neo wave to derive the future probable path markets can follow. I produce daily research reports on Equity, Commodity and Forex markets using these techniques. For more information on subscription to these research please write at ashishkyal@gmail.com